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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1370)11/18/1999 5:04:00 PM
From: pater tenebrarum  Respond to of 19219
 
J.T., indeed....in fact this is the biggest bubble EVER in the history of speculating man. on a 25-year monthly chart of the NAZ the latest advance is simply one big straight line...i can't help but think that it will come back down to earth just as quick.

regards,

hb



To: J.T. who wrote (1370)11/18/1999 5:07:00 PM
From: fut_trade  Read Replies (2) | Respond to of 19219
 
New resistance and support levels for SPX.

resistance: 1428 ( 3)
support: 1407 (15)
support: 1401 (24) *primary trendline

The number in ()'s is the duration of the trendline.
The SPX price will meet the primary trendline by next
Tuesday or Wednesday. If the price bounces off the
trendline - then a big move up is expected. Otherwise
the current rally may be in trouble.


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